You may read elsewhere that the Disney CEO got $30.6 million in 2008. Unfortunately for Iger, nearly half of that was in restricted stock and stock options. Under SEC rules, companies have to use the Black–Scholes model to calculate the supposed value of stock options, even if they are, in reality, worthless because the company’s stock price has declined since they were granted. Such is the case with Disney, although the decline of 29.7% made it the best performing broadcasting stock of 2008. Iger received a cash bonus of nearly $14 million on top of his salary of $2 million, plus $773,000 in other compensation.
